Gladstone Investment (NASDAQ:GAIN) Upgraded to Hold at StockNews.com

Gladstone Investment (NASDAQ:GAIN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, B. Riley upped their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday.

Gladstone Investment Stock Performance

Shares of GAIN traded up $0.13 during mid-day trading on Monday, reaching $13.52. The stock had a trading volume of 163,238 shares, compared to its average volume of 149,020. The firm has a market cap of $496.05 million, a price-to-earnings ratio of 12.75 and a beta of 1.33. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.96. The business has a fifty day moving average of $13.62 and a 200 day moving average of $13.75.

Hedge Funds Weigh In On Gladstone Investment

A number of hedge funds have recently modified their holdings of GAIN. Van ECK Associates Corp boosted its position in shares of Gladstone Investment by 6.2% during the third quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after acquiring an additional 52,594 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Gladstone Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company’s stock worth $2,312,000 after acquiring an additional 10,018 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Gladstone Investment by 0.9% during the second quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company’s stock worth $2,186,000 after acquiring an additional 1,469 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new position in shares of Gladstone Investment during the second quarter worth $1,425,000. Finally, United Advisor Group LLC boosted its position in shares of Gladstone Investment by 1.9% during the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after acquiring an additional 1,281 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors.

Gladstone Investment Company Profile

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.